Xiaomi founder sees auto industry as 'winner takes all' $XIA...
Xiaomi founder sees auto industry as 'winner takes all'
$XIAOMI-W(01810.HK$ $XPeng(XPEV.US$ $Li Auto(LI.US$ $Futu Holdings Ltd(FUTU.US$
$XIAOMI-W(01810.HK$ $XPeng(XPEV.US$ $Li Auto(LI.US$ $Futu Holdings Ltd(FUTU.US$
The founder of Chinese smartphone giant Xiaomi believes competition in the auto industry will be "winner takes all," unlike some other executives in China's electric vehicle (EV) sector.
"Smart EVs may be the same as the consumer electronics and software industries, which are winner-take-all," Lei Jun, founder, chairman, and CEO of Xiaomi, said in an interview with state-r...
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